The Bank of England (BoE) has said that 70% of consumers will hold on to any savings they managed to accrue during COVID-19 lockdown.
Finance and Leasing Association’s (FLA) members feel there are ‘opportunities for growth’ this year – if the COVID-19 vaccination programme proves successful.
Mazda UK has added its new MX-30 electric vehicle (EV) to the list of cars eligible for savings of up to £4,000 in its CO2 emissions-reducing car scrappage scheme.
Volvo Car Financial Services UK has been launched as a joint venture between Volvo Cars and Santander Consumer UK.
Volkswagen Financial Services (VWFS) chief executive, Mike Todd, predicts that - aside from the impact of Brexit - three other key areas will continue to influence the automotive sector’s response post COVID-19.
Alphera Financial Services has recorded its best-ever annual performance in 2020, despite the unprecedented and challenging circumstances.
The Finance and Leasing Association (FLA) has welcomed changes to Financial Conduct Authority (FCA) legislation which will allow motor finance firms to resume car repossessions from motorists who miss regular repayments.
Consumer car finance business volumes declined by 25% during November according to the latest market data from the Finance and Leasing Association (FLA).
A third (34%) of British car buyers expect dealers to earn commission on vehicles bought on finance, and a further 28% don’t mind so long as they’re informed, according to new research from Close Brothers Motor Finance.
Dealers can improve their used car sales performance during lockdown by offering buyers a simple online transaction process.
Tributes have been paid to MotorNovo head of strategic partnerships Peter Landers after he died following a three-week battle with COVID-19 coronavirus.
Coronavirus has driven an uplift in motor finance digital applications this year, but 2021 looks set to bring further effects for dealerships regulated by the Financial Conduct Authority (FCA). Here AM examines three key impacts.
In early 2021 the Financial Conduct Authority's ban on discretionary commission in motor finance will kick in. AM examines the impact on motor retailers.
The Financial Conduct Authority is keen for motor retailers providing consumer credit to be upfront about earning finance commission
As PCPs continue to dominate in the marketplace, OEM's new car finance offers for Q4 2020 are examined
The quarterly AM Motor Retail Review webinar on January 7 will discuss 2020's car market outcome, the FCA motor finance rules revision and the Brexit aftermath.
Cazoo is set to acquire Drover, the UK's best-known car subscription platform, in a step set to boost Cazoo's growth in the UK and into Europe.
Technology and processes that allow for real-time online decisioning are set to be a key factor for the motor finance sector in 2021, Startline is predicting.
Volkswagen Financial Services (VWFS) has recorded a double digit jump for Millennial and Gen Z customers switching to vehicle finance during the pandemic.
The car leasing comparison site, Moneyshake, has secured investment to fuel further growth of its business.
